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Grim statistics: Officials warn 500 million financial records hacked within past 12 months

Posted on October 20, 2014 by Dissent

Erin Kelly reports:

Federal officials warned companies Monday that hackers have stolen more than 500 million financial records over the past 12 months, essentially breaking into banks without ever entering a building.

“We’re in a day when a person can commit about 15,000 bank robberies sitting in their basement,” said Robert Anderson, Jr., executive assistant director of the FBI’s Criminal Cyber Response and Services Branch.

[…]

Nearly 439 million records were stolen in the last six months, said Supervisory Special Agent Jason Truppi of the FBI. Nearly 519 million records were stolen in the last 12 months, he said.

About 35 percent of the thefts were from website breaches, 22 percent were from cyber espionage, 14 percent occurred at the point of sale when someone bought something at a retail store, and 9 percent came when someone swiped a credit or debit card, the FBI said.

Read more on USA Today.


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Category: Commentaries and AnalysesFinancial SectorHackOf NoteU.S.

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